PNC Files 8-K on 'Other Events' and Exhibits

Ticker: PNC · Form: 8-K · Filed: Jan 22, 2024 · CIK: 713676

Pnc Financial Services Group, Inc. 8-K Filing Summary
FieldDetail
CompanyPnc Financial Services Group, Inc. (PNC)
Form Type8-K
Filed DateJan 22, 2024
Risk Levellow
Pages3
Reading Time4 min
Key Dollar Amounts$5.00, $1,000,000,000, $1,500,000,000
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: corporate-event, regulatory-filing

TL;DR

**PNC filed an 8-K on Jan 17, hinting at upcoming news or financial details.**

AI Summary

The PNC Financial Services Group, Inc. filed an 8-K on January 22, 2024, reporting an event that occurred on January 17, 2024. This filing, under Items 8.01 and 9.01, indicates that PNC is providing additional information or exhibits related to its operations, specifically regarding 'Other Events' and 'Financial Statements and Exhibits'. For investors, this matters because 8-K filings often precede significant announcements, and while this one is vague, it signals that more detailed information about the company's financial health or strategic direction may be forthcoming, which could impact stock valuation.

Why It Matters

This filing signals that PNC Financial Services Group, Inc. has an important update, potentially related to its financial performance or strategic initiatives, which could influence investor sentiment and stock price.

Risk Assessment

Risk Level: low — The filing itself is administrative and does not disclose any inherently risky information, but rather signals potential future disclosures.

Analyst Insight

A smart investor would monitor PNC's subsequent filings and news releases closely for the specific details related to the 'Other Events' or 'Financial Statements and Exhibits' hinted at in this 8-K, as these could contain material information impacting the stock.

Key Players & Entities

  • THE PNC FINANCIAL SERVICES GROUP, INC. (company) — the registrant filing the 8-K
  • January 17, 2024 (date) — date of the earliest event reported
  • January 22, 2024 (date) — date the 8-K was filed
  • 001-09718 (other) — Commission File Number for PNC
  • $5.00 (dollar_amount) — par value of PNC Common Stock

FAQ

What is the purpose of this 8-K filing by The PNC Financial Services Group, Inc.?

This 8-K filing, dated January 22, 2024, reports an event that occurred on January 17, 2024, under Item 8.01 ('Other Events') and Item 9.01 ('Financial Statements and Exhibits'), indicating the company is disclosing information about other significant events or providing financial statements and exhibits.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 17, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.

What is the Commission File Number for The PNC Financial Services Group, Inc.?

The Commission File Number for The PNC Financial Services Group, Inc. is 001-09718, as specified in the filing.

Where are the principal executive offices of The PNC Financial Services Group, Inc. located?

The principal executive offices of The PNC Financial Services Group, Inc. are located at The Tower at PNC Plaza, 300 Fifth Avenue, Pittsburgh, Pennsylvania 15222-2401.

What is the par value of the Common Stock of The PNC Financial Services Group, Inc.?

The par value of the Common Stock of The PNC Financial Services Group, Inc. is $5.00, as indicated in the 'Securities registered pursuant to 12(b) of the Act' section.

Filing Stats: 898 words · 4 min read · ~3 pages · Grade level 10 · Accepted 2024-01-22 16:02:43

Key Financial Figures

  • $5.00 — ch Registered Common Stock, par value $5.00 PNC New York Stock Exchange Indicate
  • $1,000,000,000 — pleted the public offer and sale of (a) $1,000,000,000 aggregate principal amount of its 5.300
  • $1,500,000,000 — ior Notes due January 21, 2028, and (b) $1,500,000,000 aggregate principal amount of its 5.676

Filing Documents

01 Other Events

Item 8.01 Other Events. On January 22, 2024, The PNC Financial Services Group, Inc. (the "Corporation") completed the public offer and sale of (a) $1,000,000,000 aggregate principal amount of its 5.300% Fixed Rate/Floating Rate Senior Notes due January 21, 2028, and (b) $1,500,000,000 aggregate principal amount of its 5.676% Fixed Rate/Floating Rate Senior Notes due January 22, 2035 (collectively, the "Notes"). The Notes were sold pursuant to an Underwriting Agreement dated January 17, 2024 (the "Underwriting Agreement") entered into by the Corporation, PNC Capital Markets LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC. The Underwriting Agreement is attached to this Current Report on Form 8-K as Exhibit 1.1 and is incorporated into this Item 8.01 by reference. The Notes were issued under an Indenture, dated as of September 6, 2012 (the "Base Indenture"), as amended and supplemented by a First Supplemental Indenture, dated as of April 23, 2021 (the "Supplemental Indenture" and together with the Base Indenture, the "Indenture"), between the Corporation and The Bank of New York Mellon, as trustee. The underwritten offering described in this Current Report on Form 8-K is more fully described in the prospectus supplement, dated January 17, 2024, and filed with the Securities and Exchange Commission (the "Commission") on January 18, 2024, to accompany the prospectus filed with the Commission on December 13, 2021, as part of the Company's Registration Statement on Form S-3ASR (File No. 333-261622) (the "Registration Statement"). The above description of the Underwriting Agreement and the Indenture is qualified in its entirety by reference to the full text of such agreements. Copies of the Underwriting Agreement, the Base Indenture, the Supplemental Indenture and the Form of each Note are filed or incorporated by reference as Exhibits 1.1, 4.1, 4.2, 4.3 and 4.4, respectively. A copy of the legality opinion delivered by Laura Gleason

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Number Description Method of Filing 1.1 Underwriting Agreement dated as of January 17, 2024 Filed herewith 4.1 Indenture, dated as of September 6, 2012, between the Corporation and The Bank of New York Mellon Incorporated herein by reference to Exhibit 4.19 of Form S-3 filed on January 15, 2010, as amended by Post-Effective Amendment No. 1 filed on September 6, 2012 4.2 Supplemental Indenture, dated as of April 23, 2021, between the Corporation and The Bank of New York Mellon Incorporated herein by reference to Exhibit 4.2 of Form 8-K filed on April 23, 2021 4.3 Form of 5.300% Fixed Rate/Floating Rate Senior Note due January 21, 2028 Filed herewith 4.4 Form of 5.676% Fixed Rate/Floating Rate Senior Note due January 22, 2035 Filed herewith 5.1 Opinion of Laura Gleason Filed herewith 23.1 Consent of Laura Gleason (included in Exhibit 5.1) Filed herewith 104 The cover page of this Current Report on Form 8-K, formatted as an inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE PNC FINANCIAL SERVICES GROUP, INC. (Registrant) Date: January 22, 2024 By: /s/ Gregory H. Kozich Gregory H. Kozich Senior Vice President and Controller - 3-

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